Actuarial Tester / Senior Associate, LIS Tool Developer
ECLARO
New York, NY
Job Number: 26-00224
Find your next opportunity in the Financial Services Industry. ECLARO is looking for an Actuarial Tester / Senior Associate, LIS Tool Developer for our client in New York, NY.
ECLARO's client is one of the largest mutual life insurance companies and provides long-term care insurance, mutual funds and retirement-plan services across the US. If you’re up to the challenge, then take a chance at this rewarding opportunity!
Position Overview:
- Core Modernization is a transformative initiative designed to elevate client's foundational technology to meet today's business demands and prepare for the future.
- The centerpiece of this program is a major upgrade to our policy administration system-an essential platform that manages the full spectrum of insurance policy transactions, including premium collection, loans, beneficiary management, claims processing, and policy renewals.
- For nearly sixty years, this system has supported client and agent experiences while ensuring compliance with regulatory standards.
- This modernization effort replaces legacy infrastructure with stateoftheart technology, enabling faster innovation, reduced servicing friction, and improved client and agent experiences-positioning client at the forefront of the industry.
- As a Senior Associate, LIS Tool Developer: Play an essential role in the Core Modernization initiative.
- Support the development, testing, and maintenance of Excelbased scenario testing tools used to validate product behavior in the new policy administration system.
- Expertise in Universal Life and/or Whole Life products, strong Excel modeling skills, and clear communication will be vital to ensuring accurate policy lifecycle values and a successful system transition.
- As part of the Core Modernization program, client must configure retail life insurance products into the new policy administration system and validate that the system produces accurate values throughout the policy lifecycle.
- To accomplish this, scenario testing tools must be created for each product to compare results from the new system.
Pay Rate: $64.72/Hour
Responsibilities:
- Design and update Excel-based scenario testing tools to support product configuration and lifecycle analysis for Retail Life products
- Build, test, and maintain accurate and reliable testing tools as we migrate to the new policy administration system
- Collaborate closely with the Automation Development team to integrate automation features and ensure seamless interaction with testing tools
- Monitor tool efficiency and reliability, making improvements to usability and performance
- Provide clear documentation and communicate findings across the team to support product development and modernization efforts
Required Qualifications:
- Extensive knowledge of Life Insurance products and product functionality
- Strong Excel skills
- General understanding of IRC Sections 7702 and 7702A
- Strong communication skills
- Preferred Skills
- Experience with Excel VBA
- Experience working in an Agile software development environment
- Working knowledge of QA review and testing processes, including designing test scenarios, understanding testing techniques and tools, and recognizing technology impacts
Preferred Qualifications:
- Extensive, detailed knowledge of Life Insurance products and product functionality - understand product components, how money/taxes come into play
- Strong Excel skills - VLOOKUP, formulas
- General understanding of IRC Section 7702 and 7702A and the requirements within
- Strong communication skills - ability to clearly explain tasks, report on calls with the Scrum team
If hired, you will enjoy the following ECLARO Benefits:
- 401k Retirement Savings Plan administered by Merrill Lynch
- Commuter Check Pretax Commuter Benefits
- Eligibility to purchase Medical, Dental & Vision Insurance through ECLARO
If interested, you may contact:
Lester Candilado
jan.candilado@eclaro.com
6466800168
Lester Candilado | LinkedIn
Equal Opportunity Employer: ECLARO values diversity and does not discriminate based on Race, Color, Religion, Sex, Sexual Orientation, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status, in compliance with all applicable laws.
About the Company
ECLARO
Eclaro is a Business and Technology Consulting Firm that connects top talent with opportunities nationwide. We have direct access to Hiring Managers from leading Fortune 1000 organizations in almost every industry segment, with particular expertise in:
• Technology and Business Consulting
• Financial Services and Insurance
• Pharmaceuticals and Life Sciences
• Consumer Products, Public Sector, and Utilities
Eclaro provides fully customizable, comprehensive talent acquisition and management of seasoned professionals through a number of business models, including:
• Consulting
• Professional Hiring
• Global Integrated Delivery™
• Managed Services
Eclaro recruits and manages a staff of highly skilled individuals in an array of specialized disciplines enabling our clients to leverage new opportunities, respond to increased and changing demands, and increase their profitability.
Eclaro’s Management Team averages over 25 years of experience in partnering with clients in technical, corporate operations and human capital solutions. We hold ISO 9001:2008 certification and have achieved SOC 2 Type 2 certification in Security, Availability and Confidentiality. Eclaro’s decades of expertise and collaborative practice have proven that The Right People are The Answer.